Hunton Confirms Chapter 11 Plan for Landmark Hospitals
Hunton represented Landmark Holdings of Florida, LLC and its related affiliates (Landmark) in the confirmation of its Chapter 11 reorganization filed in the Middle District of Florida bankruptcy court.
Landmark previously refinanced a portion of its debt with a $30 million loan issued pursuant to the Main Street Lending Program, a nearly $20 billion COVID-era federal lending program. During the bankruptcy proceedings, Hunton assisted Landmark in securing new financing, renegotiating its master lease, restructuring the Main Street loan, and facilitating the successful auction and sale of one of its hospitals.
The Landmark bankruptcy represents the first reported successful restructuring of a Main Street loan through Chapter 11 and marks a significant achievement in the distressed healthcare space.
The Hunton team was led by partner Justin Paget and counsel Jennifer Wuebker and included associates Nick Monico and Liv Maier. Partner Jim Pinna and associate Holly Cerasano provided healthcare and regulatory advice.
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